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Weekly forecast Zcash / Bitcoin technical chart
Symbol ZECBTC

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Trade Setup
#ZECBTC
Total Profit: 227 pip (91%)
Closed trade(s): 117 pip Profit (46%)
Open trade(s): 110 pip Profit (45%)

Trade Setup:
We opened 7 BUY trade(s) @ 0.00254 based on 'Valley' entry method at 2021.02.01.

Closed Profit:
TP1 @ 0.00290 touched at 2021.02.11 with 36 pip Profit (14%).
TP2 @ 0.00335 touched at 2021.02.13 with 81 pip Profit (32%).
36 (14%) + 81 (32%) = 117 pip (46%)

Open Profit:
Profit for one trade is 0.00276(current price) - 0.00254(open price) = 22 pip (9%)
5 trade(s) still open, therefore total profit for open trade(s) is 22 (9%) x 5 = 110 pip (45%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateFebruary 21, 2021 - 20:54
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0016000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.0033500 breaks.
  • If the support at 0.0016000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 36 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.00400 on 02/13/2021, so more losses to support(s) 0.00225, 0.00195 and minimum to Major Support (0.00160) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 0.00290
  2. 0.00335
  3. 0.00435
  4. 0.00535
  5. 0.00665
  6. 0.00865
Click on the level to view price action history.
Symbol Released Current Forecast
Zcash / Bitcoin (ZECBTC) Tue, 2 Apr 2024
Zcash / Bitcoin (ZECBTC) Mon, 11 Mar 2024
Zcash / Bitcoin (ZECBTC) Tue, 20 Feb 2024
Zcash / Bitcoin (ZECBTC) Tue, 20 Feb 2024
Zcash / Bitcoin (ZECBTC) Tue, 30 Jan 2024
History
Daily-Trading-Opportunities on ZECBTC.